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Not many contra players on this counter (15/5 Mon) long or short also not much benefit
Stocky901 ( Date: 19-May-2023 14:56) Posted:
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Today t+3 contra throw out to mkt. You can short if you dare.🧐
Grubber ( Date: 19-May-2023 10:07) Posted:
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i thought you say buy , now change tone again
Stocky901 ( Date: 18-May-2023 18:39) Posted:
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Selling still not dried up yet.. patience needed.🧐
easywin ( Date: 18-May-2023 10:30) Posted:
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Wait got volume than buy as direction not clear.
Stocky901 ( Date: 18-May-2023 09:27) Posted:
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you buy ah ?
Stocky901 ( Date: 18-May-2023 09:27) Posted:
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Recall this news. A larger hospital to be commissioned next year 2024.. 🤞 🤞
SmallSmall ( Date: 17-Apr-2023 15:04) Posted:
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P/B value is very low. NAV is 0.049. Safe to buy now..🤔
OUE Healthcare shares surge after JV opens first hospital in Changshu, China
Shares in OUE Healthcare 5WA 0.00% opened at 3.5 cents apiece on May 16, 34.6% higher than the group&rsquo s last-closed price of 2.6 cents on May 15.
The surge came after OUE Healthcare announced that its joint venture (JV) opened its first hospital in Changshu, China, named Changshu Hospital.
Operated by OUE Healthcare&rsquo s JV company, China Merchants Lippo Hospital Management (Shenzhen) Limited, the 100-bed obstetrics and gynaecology (O& G) hospital is the first such hospital to be commissioned in the Chinese city. The hospital will be providing premium obstetrics, gynaecology, paediatrics and other related medical services to patients in Changshu, Suzhou, and the Yangtze River Delta region.
In addition, the hospital, which has a total gross floor area (GFA) of 23,000 sqm, has a 27-suite confinement centre that provides postpartum rehabilitative services. The hospital also has other ancillary medical services such as medical aesthetics.
China Merchants Lippo Hospital Management (Shenzhen) is the group&rsquo s 50:50 joint venture company with a subsidiary of China Merchants Shekou Industrial Zone Holdings (CMSK).
CMSK, in turn, is a member company of the state-owned Hong Kong-based conglomerate, China Merchants Group.
&ldquo I am glad our first JV hospital with China Merchants Group in China is located in Changshu, Suzhou - one of the most economically vibrant and pro-business locations in China. We hope to bring in best-in-class hospital care and services to meet the rising expectation of Chinese consumers based on international standards and Singapore&rsquo s clinical and care experience,&rdquo says Lee Yi Shyan, chairman of OUE Healthcare.
&ldquo We are excited with the opening of Changshu Hospital, which is an important milestone in our journey to build a regional healthcare ecosystem anchored on international medical quality and excellence. We believe that our holistic value proposition in providing a full spectrum of care services will meet the personalised needs of our patients and will set us apart from our peers,&rdquo adds Yet Kum Meng, CEO of OUE Healthcare.
Changshu is a county-level city under Suzhou in the Jiangsu province. According to OUE Healthcare, the city has achieved &ldquo steady economic growth&rdquo with its GDP for 2022 growing by 2.0% y-o-y to a record RMB277.4 billion ($53.29 billion), putting it among the top five prosperous cities in China.
Who keep unloading at 31?
Blocking at 32-34 at 2 mils each, BBs in control.
Hope it?s not SSH unloading.
Grubber ( Date: 16-May-2023 10:51) Posted:
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short at 31 try try
OUE LIPPO HEALTHCARE TO OPERATE INTERNATIONAL MEDICAL CENTRE IN PARTNERSHIP WITH CHINESE UNIVERSITY OF HONG KONG &bull
CUHK to provide management consultancy services for the development, commissioning, clinical governance, and management of an international medical centre in Prince Bay Hospital
17 April 2023 &ndash OUE Lippo Healthcare Limited (&ldquo OUELH&rdquo or the &ldquo Company&rdquo and together with its subsidiaries, the &ldquo Group&rdquo ) announced today that they have entered into a service agreement with the Chinese University of Hong Kong (&ldquo CUHK&rdquo ) via its joint venture (&ldquo JV&rdquo ) company, China Merchants Lippo Hospital Management (Shenzhen) Limited (&ldquo CM Lippo&rdquo ). Under the service agreement, CUHK will provide management consultancy services for the development, commissioning, clinical governance, and management of an international medical centre (&ldquo Prince Bay IMC&rdquo ) in Shenzhen China Merchants-Lippo Prince Bay Hospital (the &ldquo Prince Bay Hospital&rdquo ) in Shekou, Shenzhen. 2 The Prince Bay IMC will be located within the premises of the Prince Bay Hospital, which is positioned as an international high-end general hospital serving the growing local affluent population in the Guangdong-Hong Kong-Macao Greater Bay Area (the &ldquo Greater Bay Area&rdquo ). With this partnership, CUHK will assist in the development of the Prince Bay IMC including manpower planning of doctors, development of clinical specialties, clinical governance, operating system and workflow development. CUHK will also facilitate the credentialing and provision of education for healthcare professionals providing services in the Prince Bay IMC, as well as the development of green channel for cross border referral to hospitals within the network of CUHK and its affiliated hospitals. Chief Executive Officer of OUELH, Mr Yet Kum Meng said, &ldquo This partnership with CUHK is a testament of our commitment to operate the Prince Bay Hospital based on international medical standards offering high-quality healthcare services for the residents in the Greater Bay Area. We believe that the medical expertise and international medical resources from CUHK will enhance the healthcare service offerings of Prince Bay Hospital and improve patient experience.&rdquo &ldquo We are delighted to partner with Shenzhen China Merchants-Lippo Prince Bay Hospital to help establish the Prince Bay IMC. This partnership is in line with our academic, research objectives and community spirit to bring world-class research and innovative solutions from CUHK to make tangible societal and economic impact,&rdquo remarked Professor Justin Wu Che Yuen, Associate Dean (Health Systems) from CUHK1 , who has been assigned to provide management consultancy services to the Prince Bay IMC. Prince Bay Hospital is expected to be commissioned in 2024 with more than 200 beds.
CUHK to provide management consultancy services for the development, commissioning, clinical governance, and management of an international medical centre in Prince Bay Hospital
17 April 2023 &ndash OUE Lippo Healthcare Limited (&ldquo OUELH&rdquo or the &ldquo Company&rdquo and together with its subsidiaries, the &ldquo Group&rdquo ) announced today that they have entered into a service agreement with the Chinese University of Hong Kong (&ldquo CUHK&rdquo ) via its joint venture (&ldquo JV&rdquo ) company, China Merchants Lippo Hospital Management (Shenzhen) Limited (&ldquo CM Lippo&rdquo ). Under the service agreement, CUHK will provide management consultancy services for the development, commissioning, clinical governance, and management of an international medical centre (&ldquo Prince Bay IMC&rdquo ) in Shenzhen China Merchants-Lippo Prince Bay Hospital (the &ldquo Prince Bay Hospital&rdquo ) in Shekou, Shenzhen. 2 The Prince Bay IMC will be located within the premises of the Prince Bay Hospital, which is positioned as an international high-end general hospital serving the growing local affluent population in the Guangdong-Hong Kong-Macao Greater Bay Area (the &ldquo Greater Bay Area&rdquo ). With this partnership, CUHK will assist in the development of the Prince Bay IMC including manpower planning of doctors, development of clinical specialties, clinical governance, operating system and workflow development. CUHK will also facilitate the credentialing and provision of education for healthcare professionals providing services in the Prince Bay IMC, as well as the development of green channel for cross border referral to hospitals within the network of CUHK and its affiliated hospitals. Chief Executive Officer of OUELH, Mr Yet Kum Meng said, &ldquo This partnership with CUHK is a testament of our commitment to operate the Prince Bay Hospital based on international medical standards offering high-quality healthcare services for the residents in the Greater Bay Area. We believe that the medical expertise and international medical resources from CUHK will enhance the healthcare service offerings of Prince Bay Hospital and improve patient experience.&rdquo &ldquo We are delighted to partner with Shenzhen China Merchants-Lippo Prince Bay Hospital to help establish the Prince Bay IMC. This partnership is in line with our academic, research objectives and community spirit to bring world-class research and innovative solutions from CUHK to make tangible societal and economic impact,&rdquo remarked Professor Justin Wu Che Yuen, Associate Dean (Health Systems) from CUHK1 , who has been assigned to provide management consultancy services to the Prince Bay IMC. Prince Bay Hospital is expected to be commissioned in 2024 with more than 200 beds.
Laggard play.....Have not moved. Got chance today. A bit of volume
OUE Lippo Healthcare reports higher revenue, lower profits due to exceptional items
CATALIST-LISTED OUE Lippo Healthcare : 5WA +3.13% (OUELH) on Friday (Aug 5) posted a 93 per cent drop in net profit to S$8.4 million for its half year ended Jun 30, 2022, from S$113.8 million a year earlier. Its revenue, however, was several times that of the previous years: S$42.6 million for H1 FY2022, versus S$9.7 million for H1 FY2021.
The company&rsquo s financial statement was laden with exceptional items, reflective of a restructuring and the shuffling of control of assets among related companies by the healthcare group&rsquo s parent OUE.
Most of the increase in OUELH&rsquo s revenue came from the consolidation of First Reit : AW9U 0%, a healthcare Reit within the OUE stable.
On Mar 1, OUELH had sold 2 subsidiaries to First Reit in exchange for units of First Reit. The deal took OUELH&rsquo s stake in First Reit from 15.3 per cent to 33.1 per cent. The change in ownership allows OUELH to consolidate First Reit&rsquo s revenue into its own.
The transaction was also accounted for as a disposal of an associate, and allowed OUELH to recognise a net gain of S$3.1 million.
On top of this, OUELH recognised a fair value gain of S$4.2 million on First Reit&rsquo s investment properties.
Both items were reported as other income in OUELH&rsquo s statements, and should have boosted the company&rsquo s profits. But OUELH had booked a far larger exceptional item in the year-ago period.
Its net profit of S$113.8 million for H1 FY2021 was boosted by a one-off S$110 million gain from a shareholder loan conversion.
On Mar 16, 2021, OUELH had converted a total of S$189.6 million in loans and accrued interest owing to its parent, OUE, into convertible perpetual securities. OUELH booked a one-off gain representing the difference between the principal amount and the fair value of the perps, of S$79.6 million.
Stripping out these transactions and exceptional items, OUELH&rsquo s healthcare operations reported revenue of S$2 million &mdash up from S$1.2 million. Segment losses widened, too, to S$1 million from S$892,000.
Is this counter a good buy?
UPDATE ON THE PROPOSED PARTNERSHIP WITH GROUP OF RESPIRATORY AND CARDIOTHORACIC MEDICAL PRACTICES IN SINGAPORE
Unless otherwise defined, all capitalised terms used herein shall have the meanings ascribed to them in the announcement dated 23 May 2022 (the " 23 May Announcement" ). The Board of Directors (the " Board" ) of OUE Lippo Healthcare Limited (the " Company" ) refers to the 23 May Announcement in relation to the (a) establishment of a joint venture company known as Echo Healthcare Management Pte. Ltd. (the " OUE JV" ) with OUE Limited and (b) proposed formation of a joint venture with (i) RMA Med Holdings Pte. Ltd. (" RMA HoldCo" ) (ii) TRP Holdings Pte. Ltd. (" TRP HoldCo" ) and (iii) Witty Hearty Lungs Pte. Ltd. (" BH HoldCo" and together with RMA HoldCo and TRP HoldCo, the " Founders" ) to create a partnership with (i) RMA Global Pte. Ltd. (" RMA" ), (ii) The Respiratory Practice (Farrer) Pte. Ltd. (" TRPF" ), and (iii) Breathing Heart Pte. Ltd. (" BH" , and together with RMA and TRPF, the " Medical Partners" ) (the " Proposed Transaction" ). The Board is pleased to announce that all the conditions precedent under the MSSPA have been fulfilled and/or waived in accordance with the terms of the MSSPA, and accordingly, the Proposed Transaction was completed today.
Unless otherwise defined, all capitalised terms used herein shall have the meanings ascribed to them in the announcement dated 23 May 2022 (the " 23 May Announcement" ). The Board of Directors (the " Board" ) of OUE Lippo Healthcare Limited (the " Company" ) refers to the 23 May Announcement in relation to the (a) establishment of a joint venture company known as Echo Healthcare Management Pte. Ltd. (the " OUE JV" ) with OUE Limited and (b) proposed formation of a joint venture with (i) RMA Med Holdings Pte. Ltd. (" RMA HoldCo" ) (ii) TRP Holdings Pte. Ltd. (" TRP HoldCo" ) and (iii) Witty Hearty Lungs Pte. Ltd. (" BH HoldCo" and together with RMA HoldCo and TRP HoldCo, the " Founders" ) to create a partnership with (i) RMA Global Pte. Ltd. (" RMA" ), (ii) The Respiratory Practice (Farrer) Pte. Ltd. (" TRPF" ), and (iii) Breathing Heart Pte. Ltd. (" BH" , and together with RMA and TRPF, the " Medical Partners" ) (the " Proposed Transaction" ). The Board is pleased to announce that all the conditions precedent under the MSSPA have been fulfilled and/or waived in accordance with the terms of the MSSPA, and accordingly, the Proposed Transaction was completed today.
FULL & FINAL SETTLEMENT WITH CREST ENTITIES ON PROCEEDINGS RELATED TO FACILITY AGREEMENTS
The Company has received the above balance payment of S$200,000 from Crest. Upon receipt of the said balance payment, there are no further outstanding instalments due from Crest under the Settlement Agreement. There are also no other pending or outstanding claims between the Company and Crest.
Never move up much only 38. Limited range.
SmallSmall ( Date: 07-Jun-2022 09:33) Posted:
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